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Medis Technologies Ltd. (NASDAQ:MDTL) has signed an agreement with Israel Aircraft Industries Ltd. (AIA)to develop an 800 watt fuel cell to electrically power Unmanned Air Vehicle systems (UAVs). IAI is Israel’s largest aerospace company and a world leader in developing and selling UAV Systems. The contract provides for two phases of activity. In the first 6-month phase, Medis will develop a demonstration system. Upon the successful completion of the first phase, IAI would pay Medis approximately $1,500,000 to complete the development over 18-months. During the first phase of the contract and conditioned on minimum purchase requirements thereafter, IAI will be granted exclusivity with respect to large fuel cells for unmanned vehicles. The contract with IAI will be carried out by Medis as the prime contractor together with its strategic partner, Oy Hydrocell of Finland, as the main subcontractor.
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SatCon Technology Corporation® (Nasdaq GM: SATC), a developer and manufacturer of power electronics and motors for alternative energy markets, has received approval from Nasdaq to transfer its listing from The Nasdaq Global Market to The Nasdaq Capital Market. Its common stock will begin trading on The Nasdaq Capital Market at the opening of business on October 25, 2006. As a result of this action, the scheduled hearing before a Nasdaq Listing Qualifications Panel will no longer be required.
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Martek Biosciences Corporation (Nasdaq: MATK) announced that a jury in the U.S. District Court in Wilmington, Delaware, has returned a verdict favorable to Martek in its patent infringement suit against Lonza Ltd., Nutrinova Inc. and Nutrinova Nutrition Specialties & Food Ingredients GmbH. The jury found that Lonza infringed all the asserted claims and found that Lonza had acted willfully in its infringement of one of the patents. The verdict does not involve Martek’s core infant formula patents. Martek expects Lonza to appeal the jury’s decision. Martek intends to ask the Court for permanent injunctive relief to prohibit Lonza’s continuing infringement of the patents. “We are gratified the jury found that Martek’s patents pertaining to omega-3 DHA products and processes are valid and enforceable and that Lonza’s actions infringe on those patents. The verdict further demonstrates both the Company’s resolve to vigorously defend our intellectual property portfolio and the strength of Martek’s patent portfolio in the U.S. marketplace,” said Steve Dubin, CEO of Martek. Martek Biosciences Corporation (Nasdaq: MATK) is a leader in the development of DHA omega-3 products. Website: [sorry this link is no longer available]
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Ballard Power Systems (TSX:BLD.TO)(NASDAQ:BLDP), developer of fuel cells, announced continuing losses for the third quarter, but the company says they are “on track.” “In the third quarter we continued to demonstrate solid progress against our corporate objectives for 2006,” said John Sheridan, Ballard’s President and Chief Executive Officer. “Traction is now clearly evident in nearer-term fuel cell market opportunities, as shown by our progress in the residential cogeneration and materials handling markets, with the achievement of our annual goals in both markets. At the same time, our continued commitment to disciplined financial management is evidenced by our year-over-year reduction in operating cash consumption of 57% to $10.6 million.” – Revenues of $14.1 million versus $16.1 million for the same period in 2005 – Product and service revenues of $8.9 million increased $1.3 million (17%) year over prior year quarter – As expected, engineering development revenue of $5.2 million decreased $3.4 million (40%) year over prior year quarter, primarily due to the timing of Ballard’s next-generation automotive technical milestones – Reduced normalized net loss(1) of $17.7 million, an 18% improvement from $21.5 million in 2005 – Reduced operating cash consumption(2) of $10.6 million, a 57% improvement from $24.4 million in 2005 […]
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URL: [sorry this link is no longer available] Website: [sorry this link is no longer available]
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URL: http://www.washingtonpost.com/wp-dyn/content/article/2006/10/19/AR2006101901635.html Website: http://www.washingtonpost.com/wp-dyn/content/article/2006/10/19/AR2006101901635.html
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If Democrats gain control of one or both houses of the U.S. Congress, they will likely face continued energy policy gridlock, industry lobbyists and congressional experts say. To sweep Republicans out of power in Congress in the November 7 elections, Democrats must gain 15 seats in the House of Representatives and six Senate seats. Polls show Democrats are likely to take the House, but the Senate is still a reach. If Democrats prevail, the impact on weighty energy issues like drilling in the Arctic National Wildlife Refuge and boosting vehicle fuel standards will likely be “nada, nothing,’ said Jerry Taylor, an energy expert at the CATO Institute. “Any legislative majority will be razor-thin, and that means that the fundamental dynamic in the chambers doesn’t change much,’ Taylor said. Energy lobbyists also see continued gridlock in the new Congress — no matter who wins a majority — as both parties gear up for the high stakes 2008 presidential and congressional elections. “It is going to be very hard to get any kind of serious business done in the next two years,’ one oil industry lobbyist said on condition of anonymity The issues that could see action include boosting U.S. ethanol use, […]
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For the first time, a major U.S. manufacturing facility has been sited and built next to a landfill specifically to use the landfill gas as fuel. The new Jenkins Brick Company’s $56 million manufacturing plant in Moody, Alabama – one of the largest of its kind in the nation – will use landfill gas to fuel its kilns, satisfying 40 percent of the plant’s energy needs initially, with 100 percent projected in 10 years as the landfill grows. Methane is the primary component of landfill gas, which results from the natural break-down of buried waste in a landfill. Reducing methane emissions provides immediate environmental benefits because methane, a greenhouse gas, is over 20 times as potent as carbon dioxide at capturing heat in the atmosphere. Jenkins Brick Company, headquartered in Montgomery, Ala., has been using landfill gas to fuel its Montgomery brick plant since 1998. The success of this project convinced Jenkins management to build its next manufacturing facility to take advantage of local landfill gas. EPA’s Landfill Methane Outreach Program is a voluntary assistance and partnership program that promotes the use of landfill gas as a renewable, green energy source. Over the past decade, EPA has assisted with more […]
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FuelCell Energy, Inc. (NasdaqNM:FCEL), a manufacturer of stationary fuel cell power plants, has finalized terms with the U.S. Department of Energy (DOE) for a $36.2 million Phase I award to develop a coal-based, multi-megawatt solid oxide fuel cell-based hybrid system. The award provides funding for the first stage of the 10-year, three-phased Fuel Cell Coal-Based Systems project, part of the DOE Office of Fossil Energy’s Solid State Energy Conversion Alliance (SECA). Total project funding for this and the other two planned phases is anticipated to be approximately $180 million. The program’s objective is to develop solid oxide fuel cell (SOFC) technology, fueled by coal synthesis gas (coal gas) that will be used in highly-efficient central generation power plant facilities. The advanced fuel cell-hybrid system will have an overall efficiency of at least 50% in converting energy contained in coal to grid electrical power. In contrast, today’s average U.S. coal-based power plant has an electrical efficiency of approximately 35 percent. In addition, the envisioned SOFC-hybrid system is expected to capture 90% or more of the system’s carbon dioxide emissions while being cost-competitive with other base load power generating technologies. The project will culminate with the fabrication and operation of a multi-MW […]
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General Electric (NYSE: GE), Ballard Power Systems (Nasdaq: BLDP) and A123 Systems have joined with the Federal Transit Administration in a $13 million research partnership to develop a lightweight, battery dominant zero emissions hybrid fuel cell bus. The research will be led by GE’s Global Research Center in Niskayuna. “Advancements in hybrid propulsion systems and battery chemistry offer tremendous promise for enabling cleaner, more affordable transportation alternatives that will reduce reliance on fossil fuels and promote a cleaner, healthier environment,” said Mark Little, Senior Vice President and Director of GE Global Research. “At Global Research, we will be leveraging nearly three decades of experience in hybrid systems and battery chemistry research to help pave the way to commercialization.” The goal for the project is to develop a zero emissions hybrid fuel cell bus with a range of 200 miles. The focus of the partnership will be increase fuel cell life at a lower cost by reducing fuel cell power requirements and through improved energy storage technologies. Today’s hydrogen fuel cell and electric vehicles are too expensive, and have complex infrastructures and range limitations. The research effort will attempt to reduce these costs to affordable levels. The technologies developed for the […]
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